Tesla has hired to protect their interests of lawyers from at least two law firms

Elon Musk and Tesla. Photo: Getty

The Federal Commission on the securities and exchange Commission (SEC) has demanded from representatives of Tesla (“Tesla”) explanations concerning the head of this manufacturer of electric vehicles Elon Musk’s offer to purchase shares of the company. This was announced on Wednesday the TV channel “Fox business”, transfers TASS.

According to his sources, the SEC office in San Francisco (California) has sent subpoenas to Tesla representatives with the requirement to provide the necessary documents and testify in connection with the statements Mask. Tesla has hired to protect their interests of lawyers from at least two law firms, said the TV channel. The SEC and Tesla declined to comment.


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Previously, the newspaper “wall street journal” reported that the SEC launched an investigation into the allegations Mask the intention to buy back shares. According to the newspaper, the Agency intends to find out why Musk has made such a proposal in his “Twitter” and not in an official document, which was to be submitted to the regulatory authority. Also, the Commission checks whether the statement Mask really and does he have enough funds for operations to repurchase shares. Otherwise, it may contradict existing laws on the protection of the rights of investors.


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Previously Musk in his Twitter announced that it is considering a buyout of Tesla stock from the calculation of $ 420 per share. He added that “funding secured”. Subsequently, six members of the Board of Directors of the company made a statement that offer Mask on the redemption of shares will be examined.

Recall the stock regulator USA suspected Elon musk for fraud.